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bernanke in timothy geitner of course so in what way is the fed directly subsidizing the government in your view yeah i think this is taken on you know we started with q.e. one then we had q.e. two that ultimately had operation twist and now we have something that doesn't really look like a free market anymore the fed owns about twenty percent of all the coupon treasuries that are outstanding but because of operation twist the fed now owns about thirty five percent of all treasuries that have maturities of five year or greater so effectively the has bought up a large chunk of the back and they have had a huge influence on rates and not just because of their direct purchases but you know every hedge fund myself we all know that the fed's out there buying so that makes you slightly more comfortable buying treasury just so you know you have this deep pocketed investor who's going to continue buying and isn't particularly yield sensitive in fact as an old sensitive at all so i think that's had a huge influence on rates so if you look at the eight trillion or so that's outstanding just o
bernanke in timothy geitner of course so in what way is the fed directly subsidizing the government in your view yeah i think this is taken on you know we started with q.e. one then we had q.e. two that ultimately had operation twist and now we have something that doesn't really look like a free market anymore the fed owns about twenty percent of all the coupon treasuries that are outstanding but because of operation twist the fed now owns about thirty five percent of all treasuries that have...
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bernanke at the fed and to me would be our friend timothy geithner over at the treasury were talking of course about the fed buying the government bonds issued by the treasury which then the treasury uses to pay down the debt to finance the deficit at a low levels so it's a very vicious cycle that maybe people aren't as aware of the impacts and we're going to talk about it right that's all coming up next on the capital account with lauren lester thanks lauren that's going to do it now for the news but you can always check out our you tube channel you tube dot com slash r t america our website our t.v. dot com slash usa follow me on twitter as well we'll be back here and a half hour. i've . not. easy to be. easy to. see.
bernanke at the fed and to me would be our friend timothy geithner over at the treasury were talking of course about the fed buying the government bonds issued by the treasury which then the treasury uses to pay down the debt to finance the deficit at a low levels so it's a very vicious cycle that maybe people aren't as aware of the impacts and we're going to talk about it right that's all coming up next on the capital account with lauren lester thanks lauren that's going to do it now for the...
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Sep 26, 2012
09/12
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and you've got ben bernanke printing money. you know, i don't think that -- i think we got a little frothy on some of these commodity prices. look for them to form a bottom here and to start getting a bid. i think gold is going to start rallying here shortly along with soy, wheat and probably beef and pork. david: i tend to agree with you on gold anyway because the cb doesn't seem to be slowing down, and whether we like it or not, the fed's going to be printing money -- >> right. >> as long as we're getting free money from bernanke, i like to joke, gold's going to rally. i'm looking for $1800 an ounce relatively soon. but, you know, i think the real interesting thing is the s&p. we've got spain falling apart, and secession talk, and we've only managed to sell off around 2%? david: right, right. >> um, i think that's the real story here. we tested 1430, held. i'm looking for a rally, a relief rally tomorrow and a test of 1450 by the end of the week. david: all right. there's definitely going to be -- >> this is your opportunity
and you've got ben bernanke printing money. you know, i don't think that -- i think we got a little frothy on some of these commodity prices. look for them to form a bottom here and to start getting a bid. i think gold is going to start rallying here shortly along with soy, wheat and probably beef and pork. david: i tend to agree with you on gold anyway because the cb doesn't seem to be slowing down, and whether we like it or not, the fed's going to be printing money -- >> right. >>...
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Sep 28, 2012
09/12
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lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices. oversea, bank of spain releasing an audit showing seven of the countries failed stress tests despite anxiety about the eurozone. the big three indexes up 44% for the quarter. a federal judge today delivering a blow to the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest
lou: stock market closing out a terrific third quarter as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices....
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Sep 27, 2012
09/12
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i believe the federal reserve's stance, brought about you by ben bernanke, will serve as a bridge over fiscal cliff and not take us down. the federal stance will take higher paying dividend companies into gems, seeking income, we'll band in bonds of cash poor countries and buy cash rick countries with yields that well exceed treasuries and still own a lot of gold. there's not a nation on earth that doesn't want its currency lower. that reserve currency is gold. also not to toot my own horn too hard, but throughout this period i recognized primecy of some bigger stocks, intel, wells fargo, verizon come to mind or the recognition you must own, not trade, own apple until it's too expensive versus it's growth rate and it's not near there yet. you have now heard pretty much everything. you've heard the last of when i've done over the last 12 months, at least for this evening. while i can already see the youtube about how cramer himself admits he's always getting things wrong, i thought for posterity i should lead with something more positive about "mad money," the youtube clips you post or
i believe the federal reserve's stance, brought about you by ben bernanke, will serve as a bridge over fiscal cliff and not take us down. the federal stance will take higher paying dividend companies into gems, seeking income, we'll band in bonds of cash poor countries and buy cash rick countries with yields that well exceed treasuries and still own a lot of gold. there's not a nation on earth that doesn't want its currency lower. that reserve currency is gold. also not to toot my own horn too...
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Sep 29, 2012
09/12
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. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, because tax credits are temporary and does not encourage investment. >> steve, i want to keep it on the simplification, because that's success i can identify with. i haven't my own taxes in a long time. the reason is, because it's just too complex. i'm not a small business. if i was a small business, i'd have to do devote hundreds of hours of time, a lot of money, to figuring the thing out. >> that's right. the irs has figured out, david, that last year we spent 6.5 billion hours filling out tax forms, the equivalent of 2 1/2 million full-time jobs. it cost the economy $300 billion a year. huge waste of brain
. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive,...
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and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told lockheed they do not need to abide by the law. telling lockheed it will cover potential legal costs if they incur any benpality, obama administration. clearly does not want those layoff notices delivered just days before the election. >> president obama downplaying expectations for wednesday's debate. saying he is an okay debater, according to a new washington post abc news poll, 55 percent of likely voters think that president will win this first debate, and 41% think that romney will win. joining me now, ed klein, author of "new york times" best seller "the amateur." great to see you, this is cute, the d
and federal reserve chairman ben bernanke defended fed's policies for the first time since launching qe3, saying that fed needs to drive down borrowing costs because the economy is not growing fast enough to reduce high unemployment. surely there is a left in which employment can be created. >> there will belay offs at lockheed-martin in the beginning of the year, but they will not warn the employees of impeding li offs as it is legally retired to today, obama labor department told...
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Sep 27, 2012
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are these the numbers that forced ben bernanke, even though i don't think he is making the right move, is this what he felt compelled to do all he did in qe-3? >> we have seen this. third-quarter gdp number since 2008. we are churning through what happened inventory in the economy in 2008. we will live through the same cycle in 2012. we are really looking at the data that ben bernanke's right, it looks like we are looking into another recession here, even though the stock market says the all-time highs are bumping up levels where we would not be seeing additional stimulus. david: i hear a lot of people expressing their october surprises. we have had some of this before, 1987, is anybody down there expecting those? >> yes, they are. keep in mind, something happens that is profoundly different. we have seen a meaningful location out of consumer staples and financials end technology. that is eerie. people are really starting to get data. is this the beginning of the end of an october debacle or something new? that is the argument that is going on on the floor right now. david: what stock
are these the numbers that forced ben bernanke, even though i don't think he is making the right move, is this what he felt compelled to do all he did in qe-3? >> we have seen this. third-quarter gdp number since 2008. we are churning through what happened inventory in the economy in 2008. we will live through the same cycle in 2012. we are really looking at the data that ben bernanke's right, it looks like we are looking into another recession here, even though the stock market says the...
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Sep 28, 2012
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thank you, fed chair ben bernanke is the way that concludes. >> basically what you have is an incredible tug-of-war. need to read the cover -- recovery has been very slow and it's going to slow down even more. the first down quarter earnings. number two, news is around this. it is just awful. the market goes up. people in your business have to find reasons to why the market went up. the market goes up because two-thirds of the trading had nothing to do with anything. lou: and the timeliness of those trades. >> no difference. high-frequency trading. lou: well, it gives us a substantial amount. >> pretty much balance and the tug-of-war is on the other side you have been bernanke who is a 1-trick pony who says, the way to deal with this problem is to continue to stimulate. he has now put the pedal to the floor because it has not worked, and he is going to continue to do the same thing. lou: amongst the many reasons that folks watching this broadcast have tried to discern what is happening with our political economy as best we can gather from the facts, evidence, and some serious hunches fro
thank you, fed chair ben bernanke is the way that concludes. >> basically what you have is an incredible tug-of-war. need to read the cover -- recovery has been very slow and it's going to slow down even more. the first down quarter earnings. number two, news is around this. it is just awful. the market goes up. people in your business have to find reasons to why the market went up. the market goes up because two-thirds of the trading had nothing to do with anything. lou: and the...
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Oct 2, 2012
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chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last month on another round of quantitative easing. it involves purchases of additional mortgage-backed securities at a rate of $40 billion a month. >>> managers at mitsubishi motors's subsidiaries say things are getting back to normal. maruti suzuki's sales are on the rise nearly three months after a riot shut down production at its factory in northern india. the managers say the company sold nearly 94,000 cars in september, up almost 10% from the same month last year. it's also an improvement compared to august when the firm suffered a 40% decline in sales. operators of the company's man sur plant closed the facility after a riot killed one indian executive. management fired more tha
chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last month on another round of quantitative easing. it involves purchases of...
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Oct 3, 2012
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romney has said ben bernanke should be fired. are you advising that ben bernanke should get fired? >> i don't get into personnel issues. i would say on quoting different rules i think quantitative easing has not been helpful. i think we had good monetary policy in the '80s and '90s until recently. that is what we want to do. that is what the romney program is all about. >> john, i'm curious. there is a lot of talk about the evans rule and it is not quite the same as the taylor rule but it seems to go a way towards some of the things you have talked about in the past predominantly this idea of having more of a check on possible bubbles because i know you have been a big critic. what do you make of the evans rule and if it could be successful in tamping down that activity in the future? >> it is such an open ended policy. the kind of policy i like is what we had in much of the '80s and '90s. that really worked well. we had strong growth. look at that stock market. it was incredibly good. that is the policy we need. i call it rules based. it is a specific kind of rules, not just open
romney has said ben bernanke should be fired. are you advising that ben bernanke should get fired? >> i don't get into personnel issues. i would say on quoting different rules i think quantitative easing has not been helpful. i think we had good monetary policy in the '80s and '90s until recently. that is what we want to do. that is what the romney program is all about. >> john, i'm curious. there is a lot of talk about the evans rule and it is not quite the same as the taylor rule...
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that's right he was given the two fingered salute the big ben bernanke oh as they say over. access also known as the harvey samantha the tongues of the last scotland and the headline that goes with this q e three will not fix america's problems warns paul volcker paul volcker the former federal reserve chairman credited with taming the inflationary threat of the one nine hundred seventy s. has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well wire federal reserve bank which is the lender of last resort responsible for taking the post all the way when the party gets too rocked is not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take in their buyer and very garbage bond out there this was to be the buyer of first resort just went through the lender of last resort i think completely screwed this thing up they got it all backwards and paul volcker of course back in the seventy's e
that's right he was given the two fingered salute the big ben bernanke oh as they say over. access also known as the harvey samantha the tongues of the last scotland and the headline that goes with this q e three will not fix america's problems warns paul volcker paul volcker the former federal reserve chairman credited with taming the inflationary threat of the one nine hundred seventy s. has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well...
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Sep 27, 2012
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. >>> then agree to disagree with ben bernanke. james bullard with us saying the central bank's latest stimulus program may have been a mistake. he'll explain next. >>> plus, spending twice your annual income sounds like financial suicide, right? what if i told you that's exactly what many of the lower earnings of america are doing now? stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd
. >>> then agree to disagree with ben bernanke. james bullard with us saying the central bank's latest stimulus program may have been a mistake. he'll explain next. >>> plus, spending twice your annual income sounds like financial suicide, right? what if i told you that's exactly what many of the lower earnings of america are doing now? stay with us. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge...
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Sep 28, 2012
09/12
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KRCB
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so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't know that turning food into gasoline is necessarily what we want to be doing in the long term. >> reporter: and it affects this market? >> you bet it does. as corn prices go up cattle prices go up. simple as that. that's an input cost to feeding cattle is corn, so you've got to take cattle prices higher to offset that. >> reporter: thanks very much. >> you bet. >> tom: a quiet ending to the third quarter for stocks the major indices falling. the s&p 500 spent the entire session in negative territory. it made three failed attempts to get to
so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a...
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Sep 25, 2012
09/12
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. >>> still to come, a major player in mutual fund calling for ben bernanke to step down. why robert rodriguez thinks big ben is doing more harm than good. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription when you call 1-888-280-0149 now. option
. >>> still to come, a major player in mutual fund calling for ben bernanke to step down. why robert rodriguez thinks big ben is doing more harm than good. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're...
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Oct 1, 2012
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this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama and the a republicans should be embracing this. >> romney has said that he opposes this -- romney has also said that he will not reappoint ben bernanke. there's not a lot of sympathy for bernanke inside that campaign or the gop, that interests me a lot. i'm asking a difficult question, i don't think there's a direct -- i'm not saying that bernanke is deliberately doing qe-3, because probably it won't work in the next six weeks anyway. >> it hasn't worked up until now. >> the federal reserve is like the supreme court, it's now controlled by left wing democrats. >> here's what i think, this is buy this is so important. b
this republican ben bernanke who preceded obama recognizes one very visible thing, the obstruction that's going on in congress renders the fiscal policy -- and you recognize that there's outright obstruction going on in congress that stops any fiscal policy, what are you going to do? >> what policy? >> it's the only tool left. >> i talk to republicans all the time. i'm a reporter, they're really thinking of this as a political issue. this is a stimulus pae f obama and obama...
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Sep 29, 2012
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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Sep 26, 2012
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now ben bernanke is going to keep it flowing for as long as it takes. we could be for three days. plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course, the slowdown against china, and the growth that is the united states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodativ
now ben bernanke is going to keep it flowing for as long as it takes. we could be for three days. plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and...
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in defense of fed's latest easing, big ben bernanke making his case in moments. rich edson is standing by live in indianapolis. >> and bacon prices sizzling higher but new doubts over whether there's actually going to be a global shortage. first let's take a look at some of today's s&p winners and losers. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a
in defense of fed's latest easing, big ben bernanke making his case in moments. rich edson is standing by live in indianapolis. >> and bacon prices sizzling higher but new doubts over whether there's actually going to be a global shortage. first let's take a look at some of today's s&p winners and losers. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an...
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Oct 3, 2012
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since ben bernanke announced his new round of stimulus on the 13th of september, we're down 11%, almost 12% on wti since then. other commodities are behaving the same way. it appears to mow traders just aren't buying it this time. >> is it because volumes, supplies, are too high or is it because demand is falling? >> there is some tightness in certain areas of the world in the oil markets particularly in asia due to the lower levels of iranian exports that are making their way east. when you look at western europe and just how terribly challenged the economies there are, and you look at u.s. which is clearly oversupplied with oil an shows no sign of that changing, the supply and production figures are not at all supporters for oil prices higher but we still have to think about what's out there in terms of iran and investor enthusiasm for cheaper credit. >> interesting you mentioned iran. we're going to talk about that in a second. but certainly the middle east tensions, we're up $21 a barrel from where we were in june. numbers specifically. we've broken below $90 a barrel. to what exten
since ben bernanke announced his new round of stimulus on the 13th of september, we're down 11%, almost 12% on wti since then. other commodities are behaving the same way. it appears to mow traders just aren't buying it this time. >> is it because volumes, supplies, are too high or is it because demand is falling? >> there is some tightness in certain areas of the world in the oil markets particularly in asia due to the lower levels of iranian exports that are making their way east....
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it's not widely understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the mess in the first place, i do not have a solution, only the conviction that we're indeed in another bubble and i don't know exactly how it will shake out. i don't know which investment will do well eventually, but i do know that this bubble will burst and when that happens, there will be a river of tears. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what
it's not widely understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the...
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Oct 1, 2012
10/12
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MSNBC
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it was how ben bernanke worked and got qe3. >> it brings the consensus. >>> next at the brink, we're taking a deep dive into the escalating turmoil across the middle east. "the daily rundown" will be back in 30 seconds. >>> new violence and turmoil across the middle east and afghanistan is putting the u.s. on edge. deep dive is about the renewed focus on the region that is at the brink. from israel and iran to libya and syria. situations are deteriorating in some places with alarming speed. in afghanistan, attacks by the taliban and afghan security are forcing the u.s. to rethink its commitment to america's longest war. a string of suicide attacks in iraq show a country still racked with sectarian violence nine months after america's exit there. in libya, of course, the u.s. is grappling with questions about security lapses in the wake of the murders of the ambassador. >>> they battle bashar al assad's regime. your all of it is the escalating confrontation between israel and iran which has become the flash point. mitt romney warning, quote, if the middle east descends into chaos, if
it was how ben bernanke worked and got qe3. >> it brings the consensus. >>> next at the brink, we're taking a deep dive into the escalating turmoil across the middle east. "the daily rundown" will be back in 30 seconds. >>> new violence and turmoil across the middle east and afghanistan is putting the u.s. on edge. deep dive is about the renewed focus on the region that is at the brink. from israel and iran to libya and syria. situations are deteriorating in...
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Oct 2, 2012
10/12
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CNBC
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i think the deterioration in stocks is just a little bit of white noise, maybe people listen to ben bernanke yesterday. it just didn't add up. i can't tell you what was going on. >> what didn't add up, rick? how about the milton friedman stock? i know you've been all over that all day, so i brought a quote for you, rick. >> uh-oh. >> i brought a quote. milton friedman in his own words. now, rick, i know what you said, that anna schwartz -- >> i figured you were on for a reason today. >> what's that? >> i figured you were here for a reason. >> go ahead. >> i'm here to talk about jobs, but if we could have an aside, discussion, me and rick on the side. here's what milton friedman said in his own words in 2000. now the bank of japan's argument is, oh, well, we've got the interest rate down to zero, what more can we do? it's very simple. they can buy securities and they can keep buying them and providing high-powered money in until the high powered money gets the economy in an expansion. >> must have been a fun dinner conversation around the friedman table. >> exactly. >> i'm only talking about
i think the deterioration in stocks is just a little bit of white noise, maybe people listen to ben bernanke yesterday. it just didn't add up. i can't tell you what was going on. >> what didn't add up, rick? how about the milton friedman stock? i know you've been all over that all day, so i brought a quote for you, rick. >> uh-oh. >> i brought a quote. milton friedman in his own words. now, rick, i know what you said, that anna schwartz -- >> i figured you were on for a...
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Sep 28, 2012
09/12
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CNBC
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my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that. >>> in one of the best tweet smackdowns ever, oreo recently asked followers if they had ever brought cookies into a movie theater. yes, i have. which prompted this response from amc theaters. "not cool, cookie. a reference to its no food policy. oreo quickly fired back. fair enough but don't hate the player, hate the game. and back and forth it went with amc's answer game on, oreo. game on. jane and bob, what do you think? this kind of social engagement help or hurt the brands themselves. jane? >> i think it helps very much. particularly amc theaters which has twice as many followers on twitter as oreo. and it
my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that....
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Sep 29, 2012
09/12
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KPIX
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. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad idea. inflation risk and the incentives to take risks are significant. >> former fdic chairman sheila bair. >>> we'll be right back. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab
. >> you worked closely with ben bernanke. what kind of a job do you think ben bernanke has done? >> i think ben, like everyone in the crisis has done what he thinks is right and i think he was heroic during the crisis. i worry now, though, that he's continuing these very accommodating monetary policies which have, i think, tremendous risk and there's just no evidence that they do much good for our domestic economy. >> so you don't like qe3? >> i think it's a very bad...
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Oct 1, 2012
10/12
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FOXNEWS
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into rally faded after the fed chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it just south of fresno. as many as 40 people reported hurt in the crash. when several cars jumped the tracks. trace gallagher in our west coast news hub now. trace, exactly how did this happen. >> well, the train was heading south from oakland to bakersfield. it crashed in a town called hanford which is 30 miles outside fresno it appears that a truck carrying a cotton by product actually blue through the signal and crashed into the train. it looks like three of the five railcars are off the track. you can see two of them there at a 45-degree angle. the people inside were tossed about. 169 on board. 40 i
into rally faded after the fed chairman ben bernanke defended a controversy program to buy up $40 billion in mortgage debt every month until employment improves. the slowing economic recovery forced the feds to resort to such unusual measures after lowering interest rates to next to nothing failed to turn things around. critics of the plan say it could lead to inflation in the future. an amtrak train has derailed in central california after officials say a big rig truck slammed right into it...
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Sep 28, 2012
09/12
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CNBC
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my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea. that's the problem that a lot of people are having. a lot of people are underperforming the market because their ideologies are getting in the way. >> thank you. let's get another capital markets op-ed. gary, talk a little politics. >> we'll get to that in a second. i steered clear of politics for quite some time. but let me talk about a cool breeze about what's happened. think back to mid-august. we did that informal survey. we asked people what would be the most important factor for the equity markets in 2012. 65% said it was going to be the election, if you remember. it has not been the case since mid-august. and as e we said all along, it's been about central banks. i do think that's going to change. i think politics will once again become something that
my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea. that's the problem that a lot of people are having. a lot of people are underperforming the market because their ideologies are getting in the way. >> thank you. let's get another capital markets op-ed. gary,...
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Sep 26, 2012
09/12
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CNBC
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paul krugman, one, and now ben bernanke is pushing for higher inflation. is his real inflation target not 2%, but like 4%, 5%? if he could wave a magic wand, would he do that? >> they could have a secret vote. it would be in excess of three, for sure at least in the near term. the fed told us they would do whatever it takes to get what they want. they haven't exactly told us what they do or what they want. >> all right. what they want is a lower unemployment rate, isn't that fair? >> right. but they have lower unemployment in the price stability. what's going to happen is you're going to get fomc participants litigating the issue in public. like charlie plaszer yesterday talking about how policy won't be effective and charlie evans today talking about -- >> but they always do that. bernanke, that board is all obama appointees. and it's the liberal left keynesian board. it's an inflationist board. you as great economist and forecaster, right now the inflation numbers, they don't look scary at all. cpi, so forth, commodity prices, none of that stuff is boomi
paul krugman, one, and now ben bernanke is pushing for higher inflation. is his real inflation target not 2%, but like 4%, 5%? if he could wave a magic wand, would he do that? >> they could have a secret vote. it would be in excess of three, for sure at least in the near term. the fed told us they would do whatever it takes to get what they want. they haven't exactly told us what they do or what they want. >> all right. what they want is a lower unemployment rate, isn't that fair?...
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Oct 2, 2012
10/12
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CNNW
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>> we heard from ben bernanke yesterday. the federal reserve chief. he's a scholar of the great depression. he is pledging again, ladies, that we are going to avoid another great depression. he's promising to keep stimulus going until even after, even after the economy starts to recover to make sure we don't repeat the mistakes made into the 1930s, which is when we pulled our foot off the accelerator too soon in the economy, and just as it was starting to recover we started to tighten monetary policy and boom, threw the economy into the second great depression. the great depression scholar ben bernanke is trying everything we can to make suree don't fall down again. >> it's comforting to hear that, isn't it? >> well, some people are concerned that it will cause inflation down the road but everyone is trying to keep the ship staling right now. >> all right. and you've got road warriors? >> that's right. another road warriors for you. if you're a business traveler, looking to meet others while you're on a trip, good news. there are now plenty of apps an
>> we heard from ben bernanke yesterday. the federal reserve chief. he's a scholar of the great depression. he is pledging again, ladies, that we are going to avoid another great depression. he's promising to keep stimulus going until even after, even after the economy starts to recover to make sure we don't repeat the mistakes made into the 1930s, which is when we pulled our foot off the accelerator too soon in the economy, and just as it was starting to recover we started to tighten...